Gdp

"State capitalism is not an option," said Russian oligarch Oleg Deripaska.

Russian military spending exceeded expectations last year and continues to ramp up as the one-year mark of its invasion of Ukraine approaches.

Energy exports and the structure of its economy shielded Russia from some of the impacts of sanctions.

The U.S. economy experienced two quarters of decline in GDP earlier in 2022 before modest growth of 2.6 percent in the third quarter.

Those figures come as U.S. gross domestic product (GDP) fell in the first two quarters of 2022.

While the move is "likely," it would also be a "terrible" time for the government to be cutting stimulus checks, an economics professor said.

"It's basically a coin flip at this stage and both economies are very vulnerable," Bank of Montreal senior economist Sal Guatieri said.

The White House is emphasizing that the U.S. has not yet entered a recession, but Thursday's GDP report was a troubling sign for the Biden administration.

Opinions differ on how long a recession could last. Several economists told Newsweek what to expect.

A survey released earlier this month found that a majority of Americans believe the United States is in a recession.

It's "the less appealing" areas which will weather a recession better, Zelman & Associates' analyst Dennis McGill told Newsweek.

The economy shrinks for second consecutive quarter, a recession by one common but unofficial definition, heaping more pressure on President Joe Biden.

Inflation is up, stocks are down and the R-word is everywhere. Here are 15 moves to safeguard your financial security in today's turbulent economy

Noted economist Art Laffer said upcoming GDP numbers could show that the country is already in the grips of a recession.

President Joe Biden is attempting to tackle high inflation as the crucial midterm elections approach.

GDP growth in 2023 is expected to lag behind other industrialized economies such as Australia and Canada.

A new report about the economy could deal another blow to the president's already lagging popularity.

The president said he's not giving up on Build Back Better, despite Joe Manchin announcing he's a total "no" on the bill.

An economist says hiring people with criminal records is good for business and good for society

Analysts say a more thorough vaccination effort is the only realistic way economic activity can resume close to normal and growth can recover to pre-pandemic levels.

When women are involved in leadership, they create products and services that are ideally designed and marketed for the primary shopper in the household: women.

Democratic presidents are "more willing to heed historical lessons," but Republicans cling to "magical" tax cuts and deregulation theories during economic downturns, states a new economic analysis.

The more than 75.6 million votes Biden won in the 2020 election led him to victory in nearly all of the country's top 100 most powerful local economies.

The former Democratic presidential nominee noted GDP growth under Barack Obama was faster than during the presidency of Donald Trump.

President Donald Trump regularly polls strongly on the economy, one of the few advantages he has over his rival, Democratic nominee Joe Biden.

China's economy grew 4.9 percent between July and September compared to the same quarter last year, a little slower than expected but signaling a strong recovery.

White House economic adviser Larry Kudlow says he agrees that another large pandemic stimulus relief bill should be pumped into the economy, but Democrats' nearly $3 trillion proposals are bloated and still include unnecessary unemployment benefits.

The Congressional Budget Office estimates that the federal debt will exceed 100 percent of GDP in 2021.

While Sweden's GDP fell in the second quarter, the country is not in a recession.

84 percent of voters said that the economy was a major factor in their decision about who to vote for in November.